Critical Illness (Dread Disease Cover)

“The purpose of critical illness cover is to support you with the additional costs (outside of medical cover) that are generated by the diagnosis of a disease,” Ruark Pepler.

If you’re looking for an insurance or risk product that pays out on the diagnosis of a critical illness, then this is the video that you want to watch. In the next three minutes, Ruark will walk you through how it differs from other risk products and what you need to look out for.

Some key points to look out for:

  • traditional critical illness cover is paid out as a lump sum
  • the lump sum percentage will depend on the severity of the diagnosis
  • some new products have made provision for monthly payments

Ruark Pepler gives a quick overview and helps us understand how this helps – we hope this video clip will help you!

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